NOTE 8 Accrued Expenses and Other Current Liabilities
Accrued expenses and other liabilities at December 31 consisted of the following:
(in thousands) |
|
2019 |
|
|
2018 |
|
Accrued incentive compensation |
|
$ |
144,475 |
|
|
$ |
120,228 |
|
Accrued compensation and benefits |
|
|
60,260 |
|
|
|
51,731 |
|
Lease liability(1) |
|
|
43,415 |
|
|
|
— |
|
Deferred revenue |
|
|
41,180 |
|
|
|
37,018 |
|
Reserve for policy cancellations |
|
|
18,353 |
|
|
|
15,197 |
|
Accrued interest |
|
|
10,984 |
|
|
|
7,669 |
|
Accrued rent and vendor expenses(1) |
|
|
7,422 |
|
|
|
34,110 |
|
Other |
|
|
11,628 |
|
|
|
13,357 |
|
Total |
|
$ |
337,717 |
|
|
$ |
279,310 |
|
|
(1) |
The Lease liability is the current portion of the Operating lease liabilities as reflected in the Consolidated Balance Sheets as of December 31, 2019. The accrued rent previously deferred under Topic 840 was reclassified to Operating lease assets upon the adoption of Topic 842 as described in Note 1 “Summary of Significant Accounting Policies”. |
|